Natuzzi, S.p.A. (NYSE:NTZ) Sees Large Growth in Short Interest

Natuzzi, S.p.A. (NYSE:NTZ) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,900 shares, anincreaseof26.1% from the July 15th total of 2,300 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.3 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.3 days.

Natuzzi Trading Up 18.3%

NTZ opened at $3.1950 on Friday. Natuzzi has a fifty-two week low of $2.15 and a fifty-two week high of $6.27. The firm’s fifty day moving average price is $3.07 and its two-hundred day moving average price is $3.90.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Natuzzi in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Natuzzi

A number of institutional investors have recently bought and sold shares of NTZ. Benjamin Edwards Inc. raised its holdings in shares of Natuzzi by 4.8% in the fourth quarter. Benjamin Edwards Inc. now owns 131,050 shares of the company’s stock valued at $629,000 after buying an additional 5,988 shares during the last quarter. Kanen Wealth Management LLC raised its holdings in shares of Natuzzi by 5.8% in the first quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock valued at $8,657,000 after buying an additional 96,890 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Natuzzi in the first quarter valued at about $1,817,000. Institutional investors and hedge funds own 6.07% of the company’s stock.

About Natuzzi

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.